The Forex broker is licensed by the VFSC, but this is not enough to offer financial services or products in the UK or Europe. In general, the FCA advises UK investors not to invest with this broker.

We do not recommend trading with Bitky IO because the broker is suspected of fraud. This does not mean you are discouraged-in many cases, trading is safe and reliable, but only if you choose the right broker. A good broker must not only be regulated, but also have a good reputation, excellent trading conditions and excellent support.

Obviously, Bitky IO did not do any of the above, and can not even be regarded as a broker, but just a scam in the foreign exchange market. Bitky IO hides most of the trading conditions and raises suspicion. The broker provides you with several platforms to access various instruments for trading purposes. The broker login portal will give you access to all your account details, as well as other tools and resources you need to trade.

A professional broker never deliberately restricts user access to an account. Even if errors occur when logging in, the broker must have the resources to remedy the situation as soon as possible so as not to miss out on trading opportunities. If you do not receive a timely response or the customer support agents do not resolve the real issue, the broker may be a scam. Sometimes, in Forex trading scams , the fraudulent broker only offers their own platform, which may turn out to be fake. No one can control the market either, so if any broker promises guaranteed profits, then you are probably dealing with a fraudulent broker.

If investors have evidence that the broker is a scam, it is best not to follow suit. Any Bitky IO reviews will not only answer the question of whether the broker is licensed but also have some understanding of the regulator and indicate whether the license is top-notch. A detailed Bitky IO review should disclose complaints against brokers. The first step is to check if there are any complaints about the broker.

If you suspect that someone is promoting a cryptocurrency scam, you can report it to the FTC, the Commodity Futures Trading Commission, the U. Securities, and Exchange Commission, or the cryptocurrency exchange you use. The restrictions used to protect regular online finance can also be applied to cryptocurrencies to minimize your potential losses when you fall into a scam.

This is to prevent them from wanting to withdraw their money if they are scammers. If Bitky IO is trying to hold onto your funds, it may try to pressure you into another trade when you ask for a withdrawal. If Bitky IO is a no-withdrawal broker, most likely there is a problem with their license. Unfortunately, many non-withdrawal brokers use these excuses as a cover to give the impression that they are not scammers. There are several cases where brokers try to come up with silly excuses not to pay traders.

These are some of the warning signs of a troubled broker. Some less than honest brokers will be aggressive with clients and encourage them to make certain trades. Most traders do not research the pros and cons of a broker, so the broker ends up cheating them. On the other hand, if the broker no longer provides communication methods such as email, phone, text messaging, and chat, and has a support team that does not seem to understand the trade or is evasively asking certain questions, this could be a sign that a scam is or at least a low-quality broker.

I have sent numerous emails to no avail. Their phone numbers are fake, never get through to them. Yet they were ringing me almost everyday to trade and request more funds.

I have a lot of capital at stake and I fear I may have been scammed. My health is suffering. It is all my hard earned retirement savings. They are criminals without a doubt. I got abusive phone calls when I tried to opt out. Over a year later no sign of a refund. These people are gutter rats do not trust them as far as you can throw them.

They prey on us Australians we are there biggest clients. Please please do not trust them. Very very pushy.

There is no doubt that they are the lowest form of scammers and thieves All is rosy while they think they have a chance to get more money from you and will go to great lengths to con you into giving them more money. They then claim that something went wrong and have the audacity to try for another scam. Save my name, email, and website in this browser for the next time I comment. Notify me of follow-up comments by email.

This site uses Akismet to reduce spam. Learn how your comment data is processed. Home Forex Brokers Auto Trader Scams Televisions Advertising Contact. Personal Reviews. Sign in. your username. your password. Forgot your password? Get help. Privacy Policy. Password recovery. your email. Home Forex Brokers Bitky Review bitky. io Scam. They are a scam!

Fund Recovery experts can help you determine whether your broker is a scammer or a legitimate broker. If you are interested in trading foreign exchange, cryptocurrency, CFDs, or commodities, paying close attention to the broker you trade with can prevent broker withdrawal problems and help you avoid broker fraud.

This does not mean you are discouraged-in many cases, trading is safe and reliable, but only if you choose the right broker. However, if you want to avoid potential problems, the broker must be honest with the trader. You are told that the trader will trade for you, regulated brokers are not allowed to trade for you. When a broker has your money, he can do whatever he wants, as long as it is not regulated.

Working with an unlicensed broker does not provide protection in the event of broker fraud. While not being licensed is not a guarantee of broker scams, it is the only factor that repeats over and over again when we investigate broker scams. This is because there can be no excuse for a broker if he does not have at least some kind of license. Hence, it can be almost as harmful as working with an unlicensed broker.

The broker is not found on the internet, if you cannot find a lot of information about the so-called broker, it could be a scam. For this reason, at AdonFinance we have prepared a blacklist of fraudulent brokers to warn a trader or investor against this type of fraud. The most common sign of a broker scam or a Forex trading scam is that the broker is either not regulated at all or has a low-quality regulatory license.

Any Bitky IO reviews will not only answer the question of whether the broker is licensed but also have some understanding of the regulator and indicate whether the license is top-notch. A detailed Bitky IO review should disclose complaints against brokers.

The first step is to check if there are any complaints about the broker. If you suspect that someone is promoting a cryptocurrency scam, you can report it to the FTC, the Commodity Futures Trading Commission, the U. Securities, and Exchange Commission, or the cryptocurrency exchange you use. The restrictions used to protect regular online finance can also be applied to cryptocurrencies to minimize your potential losses when you fall into a scam. This is to prevent them from wanting to withdraw their money if they are scammers.

If Bitky IO is trying to hold onto your funds, it may try to pressure you into another trade when you ask for a withdrawal. If Bitky IO is a no-withdrawal broker, most likely there is a problem with their license. Unfortunately, many non-withdrawal brokers use these excuses as a cover to give the impression that they are not scammers. There are several cases where brokers try to come up with silly excuses not to pay traders.

These are some of the warning signs of a troubled broker. Some less than honest brokers will be aggressive with clients and encourage them to make certain trades. Most traders do not research the pros and cons of a broker, so the broker ends up cheating them. On the other hand, if the broker no longer provides communication methods such as email, phone, text messaging, and chat, and has a support team that does not seem to understand the trade or is evasively asking certain questions, this could be a sign that a scam is or at least a low-quality broker.

Sometimes it can be difficult to tell a real broker from a scammer. Sometimes, in Forex trading scams , the fraudulent broker only offers their own platform, which may turn out to be fake. Some fraudulent brokers restrict clients to their own platform, which may not be a platform at all, but a bogus. The broker may offer a deal if you sign up quickly, or they may tell you that the opportunity to make a lot of money will disappear in a day or two if you are in no rush to open an account.

This tactic is a sign of a brokerage scam. An honest broker review will never skip withdrawal processing. If you have already lost money from a broker without withdrawal, contact us for advice. At fundraising agency we can predict and deal without a withdrawal broker.

Most brokers have accounts that differ depending on the amount of money being traded. They may also say that local taxes require them to charge a certain amount of money for withdrawals. However, this is complicated by both the anonymous concept of money and the way the cheats will no doubt use the bitcoin exchange to immediately manipulate the currency to receive money. Therefore, we recommend that you report fraud and submit a review to Bitky IO as the first step towards getting your funds back.

These fraudulent brokers exhibit fraudulent behavior such as warnings from well-known regulatory authorities, copying of other legitimate brokerage sites, lack of regulation, illegal bonuses, and withdrawal conditions, etc. In general, the FCA advises UK investors not to invest with this broker. However, the Forex broker does not have a compulsory FCA license to do this. The Forex broker is licensed by the VFSC, but this is not enough to offer financial services or products in the UK or Europe.

For further reading, please see Bitky IO: trading. Skip to content. Trading Etherium Etherium Traders Etherium Brokers Etherium Trading Scams Scam Etherium Traders Scam Etherium Brokers Fund Recovery File a Report Here.

They keep cancelling your withdrawals and manipulate you with fake business plans. It is a SCAM! I do not hear from the account manager anymore. If you do not receive a timely response or the customer support agents do not resolve the real issue, the broker may be a scam. Privacy Policy.

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